Tex. Ins. Code § 964.055 · Subchapter B. CAPTIVE INSURANCE COMPANIES
CERTIFICATE OF AUTHORITY REQUIRED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An entity may not engage in business as a captive insurance company domiciled in this state unless it holds a certificate of authority issued by the department to act as a captive insurance company. A captive insurance company, when permitted by its certificate of formation or governing document, may apply for a certificate of authority under this chapter.
(b) An entity does not qualify for a certificate of authority under this chapter unless:
(1) its affiliates have significant operations in this state, as determined by the commissioner;
(2) its board of directors or governing body holds at least one meeting each year in this state;
(3) it maintains its principal office and books and records in this state, unless the commissioner grants an application to relocate the entity's books and records under Chapter 803; and
(4) it complies with Section 804.101 or 804.102.
Notes and commentary — not statutory text
History
Added by Acts 2013, 83rd Leg., R.S., Ch. 569 (S.B. 734), Sec. 2, eff. June 14, 2013.
Amended by:
Acts 2017, 85th Leg., R.S., Ch. 1050 (H.B. 1944), Sec. 1.05, eff. June 15, 2017.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.964.htm
- Text hash
- sha256 872dade52eef28bf02ab7cb5cadc6ea8dc30657209036113d1a15bc46f21ad83
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Insurance Code
- Tex. Ins. Code ch. 803LOCATION OF BOOKS, RECORDS, ACCOUNTS, AND OFFICES OUTSIDE OF THIS STATEPrinted as Chapter 803
- Tex. Ins. Code § 804.101DOMESTIC COMPANY.Printed as Section 804.101 or 804.102
- Tex. Ins. Code § 804.102DOMESTIC COMPANY THAT MAINTAINS PRINCIPAL OFFICES OR BOOKS, RECORDS, AND ACCOUNTS OUT OF STATE.Printed as Section 804.101 or 804.102
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.